While I preach and preach about the importance of having an excellent, coherent strategy I cannot deny the overwhelming importance of great execution. In recent weeks I have worked with two top leaders (both women incidentally)who are fantastic at execution - which has driven this home. The importance of being able to GSD (Get Stuff Done) is always vital, as two friends of … [Read more...] about Execution Beats Strategy?
The three most important questions that your strategy should answer are: *What products/services/programs of value are we going to provide and to whom? *Who do we need to staff the provision of these products/services/programs? *How will we finance all of this activity? An organization should have at least one strategic goal which relates to each of these … [Read more...] about Implementing Integrated Strategy
Frequently I tell people (including the grad students I teach) that strategy can be done well in many different ways. Certainly, I prefer the Mission Impact approach, but there are a lot of great methodologies out there that can work for organizations. One interesting approach is S.O.A.R., which you can read more about it at this link. S.O.A.R. stands for Strengths, … [Read more...] about SOAR without SWOTs
When I encourage people to create an aspirational vision of what they would want their organization to look like if they could have it any way they wanted it – it is often hard to get them to “think big” or “think outside of the box.” To help people think big, I sometimes say “Imagine you just received an unrestricted gift of $100 billion. The donor said to do anything with … [Read more...] about If You Really Had $100 Billion
SWOT Analysis (evaluating your Strengths, Weaknesses, Opportunities, and Threats) is the most widely used tool in strategic planning. But that is not the only time you can use it! It is also very helpful to SWOT any goal – individual or organizational – that you have. But make sure you put the SWOT in context. Ask these questions: *Given my/our commitment to … [Read more...] about SWOT Your Goals!